12:25 PM EDT, 07/30/2025 (MT Newswires) -- Boeing's ( BA ) commercial airplanes segment led the company's Q2 growth and its margins are expected to continue improving, RBC Capital Markets said in a Tuesday note.

The investment firm said the company reported a "relatively strong" Q2, as core loss narrowed to $1.24 per share from $2.90 a year earlier and revenue increased to $22.75 billion from $16.87 billion. Boeing Commercial Airplanes or BCA saw an 81% growth during the quarter, RBC said.

RBC also highlighted the company's Q2 free cash flow of negative $200 million, which is more than $1 billion better than expectations. And while Boeing ( BA ) projects positive free cash flow in H2, RBC said the company's outlook implies a "conservative" Q4 guidance of about $500 million during this "seasonally" strong quarter.

RBC Capital Markets reiterated its outperform rating and $250 price target on Boeing ( BA ).

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